COST-BENEFIT ANALYSIS (CBA) - KEY FACTOR IN EVALUATION OF INVESTMENT PROJECTS

LuminiÅ£a Horhotä‚ (), Dumitru Mihai Nedelescu (), Nicoleta Cristina Matei () and Marin Å¢ole ()
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LuminiÅ£a Horhotä‚: Romanian-American University, Romania
Dumitru Mihai Nedelescu: Romanian-American University, Romania
Nicoleta Cristina Matei: Romanian-American University, Romania
Marin Ţole: Romanian-American University, Romania

Journal of Information Systems & Operations Management, 2022, vol. 16, issue 1, 88-101

Abstract: In Romania, at present, at the level of the real economy, more and more complex investments are needed to reduce the gap with the EU member states in terms of the degree of development. Given that the investment decision is the basis of any development strategy of a company, the economic growth and well-being of domestic companies depend to a large extent on capital, infrastructure, human resources, technical knowledge and productivity. All these elements imply, to a certain extent, the decision to spend now, in the hope of future benefits, relying on a future, sometimes distant and uncertain. Thus, in the process of substantiating the investment decision, the cost-benefit analysis (CBA) has the role to facilitate the efficient use of company resources, being a quantitative method of estimating the need and opportunity of an investment project, providing multiple information on economic and financial activity, at both the micro and macroeconomic levels.

Date: 2022
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